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Products July 11, 2002
Securian Diligent on Due Diligence
November 19, 2001(PLANSPONSOR.com) - Plan sponsors
who want to take their fiduciary responsibilities a step
further might find Securian Retirement Services' new due
diligence program worth investigating.
Reported by Camilla Klein
The group launched the new program to help employers fulfill their responsibilities for monitoring the investment options offered in their qualified retirement plans.
Securian’s investment array is evaluated by Watson Wyatt Investment Counseling, which analyzes each investment option in terms of business management, people, and the underlying investment process. Securian makes the results of the annual review available to plan sponsors.
In addition to the Watson Wyatt analysis, Securian conducts a quarterly due diligence review by researching manager tenure, performance relative to peers and benchmarks, and adherence to style and investment objective.
The group provides pension plans to 2,700 employers and nearly 200,000 participants. The group manages more than $20 million in pension plan assets.